Joy Global Replaces Allegheny Energy In S&P 500
- Posted by admin on February 16th, 2011 filed in 2011 S&P 500 Changes
S&P MidCap 400 constituent Joy Global Inc. (NASD:JOY) will replace Allegheny Energy Inc. (NYSE:AYE) in the S&P 500. Allegheny Energy is being acquired by S&P 500 constituent FirstEnergy Corp. (NYSE: FE) in a transaction expected to be completed soon pending final approvals. Standard & Poor’s will monitor these transactions, and post any relevant updates on its website: www.standardandpoors.com. Joy Global is a manufacturer and servicer of high productivity mining equipment for the extraction of coal and other minerals and ores and is headquartered in Milwaukee, WI.
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